In Accordance with ASC 958,contributions from Donors Which Are to Be

question 88

Multiple Choice

In accordance with ASC 958,contributions from donors which are to be permanently invested should be disclosed on the statement of activities of a private university as an increase in:

• A) Permanently restricted net assets.
• B) Permanently restricted fund balance.
• C) Endowment fund balance.
• D) Deferred revenues.

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Definitions:

Reason

The mental capacity to form judgments or conclusions based on logic and knowledge.

Combination-of-liquids task

A cognitive task used to assess a child's understanding of conservation; involves mixing liquids to see if a child understands that volume remains constant despite changes in appearance.

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A developmental stage roughly ranging from ages 15 to 19, characterized by continued physical, emotional, and cognitive maturation.

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The process of creating or producing something in a methodical and organized manner, often following a specific set of rules or a procedure.